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RIL tests peak output capacity of KG fields
Mukesh Ambani-run Reliance Industries (RIL) today said it has successfully tested the design capacity of its massive eastern offshore Krishna-Godavari basin D6 field production facilities.

Rajasthan govt to buy 1200 MW from Adani Power
Adani Power Rajasthan, a 100 per cent subsidiary of Adani Power (APL), has been awarded letter of intent (LoI) by Rajasthan Rajya Vidhyut Utpadan Nigam (RRVPNL) for purchase of upto 1,200 MW of power on long-term basis.

News of the day

'NTPC claim has no bearing on gas dispute'
The Union government has told the Supreme Court that the rights and obligations of NTPC and RIL could not be regarded as similar in status to the private arrangement between RIL and RNRL. In an affidavit filed yesterday in the appeals by the Ambani brothers on their gas dispute, the government stressed that NTPC “is not only a public sector undertaking but the process involved for price determination in the case of NTPC gas was by international competitive bidding.”
Management

Pantaloon Retail Q3 net up 51% at Rs 51 cr

Kishore Biyani-promoted Pantaloon Retail today reported a jump of 51.07 per cent in its third quarter net profit at Rs 50.67 crore. - Era Infra Q3 profit surges 85% to Rs 57 cr - Godrej Industries Q3 net up eight times at Rs 44 cr - Hero Honda Q3 net soars 78% on strong sales - SBI Q3 net down 8.4% to Rs 3,305 cr - Lloyds Steel Q3 turns profitable - Jet back in black with Rs 106 cr profit in Q3 The company had a net profit of Rs 33.54 crore during the same quarter last fiscal, Pantaloon Retail (India) said in a statement. It also reported an increase of 25.38 per cent in its net sales for the quarter ended December 31, 2009, at Rs 1,912.84 crore against Rs 1,525.68 crore during the year-ago period. During the quarter, paid up equity share capital (including Class B Shares) increased from Rs 38,06,41,346 to Rs 41,22,85,746 on account of allotment of 1,58,22,200 equity shares of face value of Rs 2 each at a premium of Rs 314 per share to Qualified Institutional Investors, the statement added.


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